Bitcoin Reclaims $90K but Weak Spot Demand Raises Concerns

[bonk]

Bitcoin has climbed back above $90,000, but onchain data suggests the rebound may lack durability. Despite a strong 400,000 BTC cost-basis cluster around $84,000 acting as structural support, spot demand above that zone remains thin. Order books show limited buyer engagement, and analysts warn that BTC needs stronger spot absorption between $84K–$90K to confirm a healthy bullish trend. Without it, the latest rally risks fading just as quickly as it appeared.

[Nahid Hossen]

Reclaiming levels without spot strength often leads to shaky moves.

[Rimon Khan]

If spot demand doesn’t pick up, price could struggle to sustain upside.